Either in re-selling for a profit or buying at a discount. 

You tell them "I'll give it to you for $70,000 - you put the 10k in so you're all in $80,000 - then resell for $100,000 - a gain of $20,000!"

If I'm looking to acquire an 100 unit apartment building with the plans of of refi cash out at year 3 or 4 returning all member capital and then resell maybe in year 6 or 7, from your experience what type of commercial loan would fit this exit strategy?

Quick and easy renovations can be enough to bump up your home's value without too many construction or design costs cutting into your profit margin.You should also keep in mind that a hot seller's market means less financial risk for house flippers given the lower likelihood of being unable to resell the home.ForeclosuresWith the ability to buy low and potentially make a big profit upon reselling, foreclosures are the types of homes that are enticing to many real estate flippers.Since the Austin real estate market is extremely hot, finding a foreclosed home to flip may be tough, but it can be done.

They don't want to be tied down to one place, they want the freedom that comes with renting, and the idea of re-selling it based on its future value is nowhere in their mind.

@Max Tanenbaum, "Flip" is a word that is commonly understood to mean that you bought this property primarily to resell it.  

This particular property is a 3bd/1bath single family home that is in moderate condition but would need to be fix up before re-selling in MLS marketplace.

In this case the LLC is taking title primarily to resell.  

I have the cash to buy the property at asking price, but I was thinking about taking a mortgage since I am looking to fix it a re-sell it and would prefer not to tie up that much capital into the property.3.

Even if you have money to purchase, you may want to start out by wholesaling (finding a property you think is a deal, and reselling the contract to purchase the property to another investor).This method is usually marketed to people who don't have $ to invest on their own, but it is the best education you can get.